Copper theft index falls to its lowest level – Sacci
The South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer reached its lowest ever level in May, with the value of copper stolen dropping to R9-million, down from R9.9-million in April and R10-million in March.
The chamber stated that this was a clear indication that copper-theft crime-fighting strategies were gaining momentum.
Further, the volume of copper stolen decreased to 132 t in May, down from 150 t in April.
Sacci pointed out that the international spot price for copper had dropped to a monthly average of $7 094/t in June from $7 237/t in May, representing the lowest value for the metal since July 2010.
However, it warned that the volatility of the copper price was pronounced, given that the latest 12-month peak was in February at a monthly average of $8 062/t, 13.6% higher than the June estimate.
Meanwhile, copper waste exports increased to $36.8-million in February from $35.1-million in January, which Sacci said was most likely a market response to the strong copper price at the start of the year.
“The outlook remains positive for the medium to long term. One proxy for this relationship is the relationship between the copper price and exports of scrap copper products. The trend in official exports of copper waste normally lags the price trend by a few months, so the current significant contraction in the price should [result in] a downward impact on criminal activity for the next two to three months,” the chamber stated.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...
VISIT SHOWROOM
The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
